Comment: Forecasting and Analysis of Corporate Financial Performance with an Econometric Model of the Firm
Seha Tinic
Journal of Financial and Quantitative Analysis, 1972, vol. 7, issue 2, 1543-1548
Abstract:
Elliott's basic proposition is praiseworthy. Nevertheless, I have a number of serious reservations about the implications of his model and the reliability of its predictions. Some of my reservations relate to the theoretical foundation of the model itself, while others are concerned with his methodology and estimation techniques.
Date: 1972
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